House in the Trees

7205 Gleneden Beach Loop, Gleneden Beach, Oregon 97391

$1,150,000

Status:
Available
County:
Lincoln
Units:
10
Year Built:
1966
Unit Price:
$115,000
Land Size:
1.04 Acres
Building Size:
6,500 sq. ft.
Price per SF:
$177
CAP Rate:
5.21%
Unit Mix:

Ten (10) units consisting of seven (7) one-bedroom and three (3) two-bedroom apartments.

Floors:
2
Laundry Room:
Yes
Siding:
Wood
Roof Type:
Composite
Property Photo

House in the Trees is a 10-unit apartment complex built directly on the fairway of the 18th hole of the Salishan Golf Course. This two-story property is tucked within the mature trees on a quiet street just minutes from downtown Lincoln City. The 1.04 acres of property could potentially be redeveloped as it is the largest lot with frontage on the golf course and the only one that can accommodate higher density. Cash flow can immediately be improved by bringing rents to market. 

10
Units
1966
Year Built
6,500
SQ. FT.

Property Location